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Upstox Vs RMoney (Compare Upstox and RMoney)

Upstox Logo

About Upstox
Upstox is a tech-first low cost broking firm in India providing trading opportunities at unbeatable prices. Company provide trading on different segments such as equities, commodities, currency, futures, options which are available on its Upstox Pro Web and Upstox Pro Mobile trading platforms. Upstox is backed by a group of investors including Kalaari Capital, Ratan Tata and GVK Davix. Upstox trading platform offers trading, analysis, charting and many more rich trading features. This platfo... Know more about Upstox

Raghunandan Capital Pvt Ltd Logo

About RMoney
Incorporated in 2004, Raghunandan Money (RMoney) is Agra based financial service provider. The company offers a range of financial products. This including Online Stock & Commodity Broking, Mutual Funds, IPO, Insurance (Life & General), Bonds and Corporate FDR's. Raghunandan Money is a member of NSE, BSE, MCX, NCDEX, and CDSL. The company is among the top 5 commodity brokers in India. It contributes over 8% of NCDEX daily turnover and over 4% of MCX turnover. It has a strong presence in... Know more about Raghunandan Capital Pvt Ltd

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Upstox Vs RMoney

Incorporated in 2012, Upstox is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 4 branches across India. Incorporated in , RMoney is a Discount Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has branches across India.

  Upstox RMoney
Type of Broker Discount Broker Discount Broker
Exchnage Membership BSE, NSE, MCX BSE, NSE, MCX, NCDEX
Year of Incorporation 2012
Number of Branches 4
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Upstox Vs RMoney Charges & AMC

Upstox trading account opening charges is Rs 249 while RMoney account opening changes is Rs 199. Upstox Demat Account AMC Charges is Rs 0 (Free) and RMoney Demat Account AMC Charges is Rs 0 for lifetime (Free).

  Upstox RMoney
Trading Account Opening Charges Rs 249 Rs 199
Trading Account AMC Charges Rs 0 (Free) Rs 0 (Free)
Demat Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Demat Account AMC Charges Rs 0 (Free) Rs 0 for lifetime (Free)

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Upstox Vs RMoney Brokerage

Upstox brokerage charges for equity is Rs 20 per executed order or 2.5% whichever is low and intraday is Rs 20 per executed order or 0.05% whichever is lower whereas RMoney brokerage charges for equity is Rs 0 (Free) and intraday is Rs 18 per executed order or .01% whichever is lower.

Account Type Upstox Default RMoney Zero Brokerage Plans
Fixed Charges NA NA
Equity Delivery Rs 20 per executed order or 2.5% whichever is low Rs 0 (Free)
Equity Intraday Rs 20 per executed order or 0.05% whichever is lower Rs 18 per executed order or .01% whichever is lower
Equity Futures Rs 20 per executed order or 0.05% whichever is lower Rs 18 per executed order or .01% whichever is lower
Equity Options Rs 20 per executed order Rs 18 per executed order or .01% whichever is lower
Currency Futures Rs 20 per executed order or 0.05% whichever is lower Rs 18 per executed order or .01% whichever is lower
Currency Options Rs 20 per executed order Rs 18 per executed order or .01% whichever is lower
Commodity Futures Rs 20 per executed order or 0.05% whichever is lower Rs 18 per executed order or .01% whichever is lower
Commodity Options Rs 20 per executed order
Special Offer
Special Offer: Pay flat Rs 20 per trade for delivery, Intra-day and F&O. Rs 0 Demat AMC. Open Instant Account online and start trading today.
Special Offer: RMoney Rs 0 Account Opening Fee + Rs 0 Demat AMC (for Life) + Free Call & Trade Get the offer

Upstox Vs RMoney Brokerage Plan 2

  Upstox RMoney
Account Type Default Happy Service Plan
Fixed Charges NA NA
Equity Delivery Rs 20 per executed order or 2.5% whichever is low 0.10% to 0.40%
Equity Intraday Rs 20 per executed order or 0.05% whichever is lower 0.01% to 0.04%
Equity Futures Rs 20 per executed order or 0.05% whichever is lower 0.005% to 0.02%
Equity Options Rs 20 per executed order Rs 20 to Rs 80 per lot
Currency Futures Rs 20 per executed order or 0.05% whichever is lower 0.005% to 0.02%
Currency Options Rs 20 per executed order 0.005% to 0.02%
Commodity Futures Rs 20 per executed order or 0.05% whichever is lower 0.005% to 0.02%
Commodity Options Rs 20 per executed order
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Upstox Charges Vs RMoney

Minimum Brokerage 0.05% Rs 0
Other Charges Auto Square-off Charges: Rs 50 Physical contact notes: Rs 20, Trade SMS Alerts: Rs 100 per month per segment
Call & Trade Charges Rs 20 per trade Rs 0 (Unlimited Calls)

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Upstox Vs RMoney Transaction Charges

Upstox transaction charges for options is NSE Rs 5300 per Cr (0.053%) (on premium) while RMoney exchange transaction charges for options is NSE Rs 7000 per crore (0.07%) | BSE Rs 4500 per crore (0.045%).

  Upstox RMoney
Equity Delivery NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side) NSE Rs 325 per crore | BSE Rs 275 per crore (0.00275%)
Equity Intraday NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side) NSE Rs 325 per crore | BSE Rs 275 per crore (0.00275%
Equity Futures NSE Rs 200 per Cr (0.002%) NSE Rs 250 per crore | BSE Rs 110 per crore (0.0011%)
Equity Options NSE Rs 5300 per Cr (0.053%) (on premium) NSE Rs 7000 per crore (0.07%) | BSE Rs 4500 per crore (0.045%)
Currency Futures NSE Rs 130 per Cr (0.0013%) | BSE Rs 26 per Cr (0.00026%) NSE, BSE - Rs 150 per crore (0.0015%)
Currency Options NSE Rs 2900 per Cr (0.029%) | BSE Rs 2600 per Cr (0.026%) (on premium) NSE, BSE - Rs 7500 (on premium) per crore (0.075%)
Commodity Group A - Rs 290 per Cr (0.0029%) MCX Rs 325 (0.00325%) | NCDEX Rs 600 per Cr(0.006%)
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Upstox Vs RMoney Leverage (Margin)

Upstox margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the RMoney margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  Upstox RMoney
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)
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Compare Upstox and RMoney Features

The trading platforms offered Upstox include Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola. RMoney offers RMoney Smart Trade, RMoney Active Trade and RMoney QUICK (ODIN Based Trading Applications) trading software.

  Upstox RMoney
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio No Yes
Margin Trading Funding No No
Margin Against Shares (Equity Cash) No Yes
Margin Against Shares (Equity F&O) Yes Yes
Trading Platform Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola RMoney Smart Trade, RMoney Active Trade and RMoney QUICK (ODIN Based Trading Applications)
Intraday Square-off Time 3:00 PM Equity 3:15 PM
Other Features Option strategy builder
Referral Program Yes
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Upstox Vs RMoney Review

Upstox is rated 2.4 of 5 based on 122 customer reviews whereas RMoney is rated 3.8 of 5 based on 4 customer reviews.

  Upstox RMoney
  122 Customer Reviews    Rate Upstox 4 Customer Reviews    Rate RMoney
Fees 3.4 4.8
Brokerage 3.5 4.5
Trading Platform 2.6 4.0
Customer Service 2.3 4.0
Research Capabilities 2.3 3.0
Overall Ratings Rated 2.4 stars Rated 3.8 stars
Broker Rating Upstox is rated 2.4 of 5 based on 122 customer reviews RMoney is rated 3.8 of 5 based on 4 customer reviews

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Contact Broker / Request A Call Back

  Upstox Enquire RMoney Enquire
Contact Broker Pay flat Rs 20 per trade for delivery, Intra-day and F&O. Rs 0 Demat AMC. Open Instant Account online and start trading today. RMoney Rs 0 Account Opening Fee + Rs 0 Demat AMC (for Life) + Free Call & Trade Get the offer

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Upstox Vs RMoney Investment Options

  Upstox RMoney
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes Yes
Mutual Funds No Yes
Bond / NCD No Yes
Debt No Yes
Other Investment Options Corporate FD, Life Instance, General Insurance

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Upstox Vs RMoney Order Type Offered

  Upstox RMoney
Bracket Order No Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) No Yes
Sell Today Buy Tomorrow (STBT) No No
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) No Yes
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Upstox Vs RMoney Research Report

  Upstox RMoney
Daily Market Report No Yes
Free Tips No No
Quarterly Result Analysis No Yes
News Alerts No Yes

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Upstox Vs RMoney Suitable For Investor Type

  Upstox RMoney
Casual Investor Yes Yes
Active Investor Yes Yes
Trader Yes Yes

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Upstox Vs RMoney - Pros and Cons

  Upstox RMoney
Pros
  • Zero account opening fee.
  • Zero brokerage for trading in Equity Delivery (Cash & Carry).
  • Zero brokerage for Mutual Fund investment.
  • Flat Rs 20 per trade brokerage for all other segments.
  • Offer direct mutual funds.
  • Free trading software for mobile and web browsers.
  • One app for trading in equity, currency, and commodity.
  • Margin Against Share is available
  • Online IPO, FPO, Bonds, and NCD's are available.
  1. Offer both discount brokerage as well as full-service brokerage plans.
  2. Equity Delivery trades are brokerage free. Truly no brokerage fee for trading in Equity Cash & Carry segment
  3. ODIN trading platform is available free of cost to all customers.
  4. Unlimited free Call & Trades.
  5. Local branches in major cities across North India.
  6. Free tips, research and news alerts.
  7. Online paperless instant account opening.
Cons
  • No margin funding.
  • It does not offer the 'Good Till Canceled (GTC) order type.
  • It does not offer BTST facility.
  • Unlimited monthly plans not available.
  • No stock tips or recommendations.
  • It charges an additional fee for call & trade.
  • It charges an additional fee of Rs 50 for auto-square-off done by the broker.
  • Higher demat debit transaction charges.
  • Upstox doesn't offer NRI Trading and Demat Account.
  • Intraday square-off at 3 PM. Most other brokers do it at 3:15 PM.
  • Doesn't offer digital gold.
  1. Unlimited monthly/yearly trading plans are not available. i.e. Rs 1999 for unlimited equity trading in a month.
  2. RMoney QUICK Mobile Trading app is under active development. The app has performance and stability issues. App also missing key features which are part of competitor's trading app.
  3. Margin funding is not available.
  4. GTC/GTD not available in Equity.
  5. NRI Account is not available.
Reviews Useful Articles:
Promo / Offers

Flat Rs 20 per Trade Brokerage

  • Pay flat Rs 20 for Equity Delivery, Intra-day and F&O Trades.
  • Pay Rs 0 Brokerage for Mutual Funds.
  • Rs 0 Demat AMC.
  • Trade with the best trading platform.

It is a limited-time offer. Open Instant Account online and start trading the same day.

Lifetime FREE AMC Demat Account + Free Call & Trade

Get free lifetime free AMC demat account and pay flat Rs 18 brokerage. In addition, get free account opening and free call & trade. To open an account, simply leave your contact information and RMoney representatives will call you.

Open Upstox AccountEnquire RMoney

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